The China Edit | Closing Malls, Shanghai's Potential, WeChat Mobile Boom

"A China Twist: Why Are Malls Closing If Consumption Is Rising?" (Reuters)
"Less foot traffic means cash flow of mall owners and developers are getting squeezed — a potential hazard for an economy growing at its slowest pace in decades."

"Has Shanghai Got What It Takes to Be a Fashion Capital?" (SCMP)
"The tide is turning for fashion consumers in China, and brands are trying to keep up. While the stereotype might still be that of being logo and luxury obsessed, Chinese consumers in first-tier cities, at least, are proving that this is no longer the case."

"'How WeChat Is Powering a Mobile Commerce Boom" (Digiday)
In lieu of credit cards, two major online payment systems have emerged as China's major facilitators for m-commerce transactions: Alipay, owned by Alibaba, and mobile messaging platform WeChat's mobile wallet, WeChat Wallet.

"Alibaba Revenue Up Sharply, Bolstered by Mobile Sales" (The New York Times)
"Despite a slowdown in China, Alibaba, the Internet giant, experienced a surge in revenue in the latest quarter, driven by strong growth in mobile."